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Rheinmetall and MSC Acquire Romanian Shipyard for €138 Million

Rheinmetall and Swiss-based shipping company MSC acquired shipyard Mangalia for €138 million ($155 million), Rheinmetall said. They aim to develop it for civilian and military shipbuilding.

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German defence group Rheinmetall XETR:RHM and Swiss-based shipping company MSC have acquired Romanian shipyard Mangalia for €138 million ($155 million) and aim to develop it for both civilian and military shipbuilding, Rheinmetall said on Monday.Here are some more details from Rheinmetall's stateme…